Global Online Gambling Market
Tamaño del mercado en miles de millones de dólares
Tasa de crecimiento anual compuesta (CAGR) : %
Período de pronóstico |
2024 –2031 |
Tamaño del mercado (año base) |
USD 50.03 Billion |
Tamaño del mercado (año de pronóstico) |
USD 132.06 Billion |
Tasa de crecimiento anual compuesta (CAGR) |
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Jugadoras de los principales mercados |
Global Online Gambling Market, By Device Type (Desktop, Mobile), End User (Gambling Enthusiasts, Social Exuberant, Dabblers) - Industry Trends and Forecast to 2031.
Online Gambling Market Analysis and Size
The global online gambling market has a huge potential to grow over the forecast period, due to the increasing adoption of smartphones and easy access to casino gaming across the globe. In addition, rising adoption of digital currency in online gambling and availability of different payment method is also largely influencing the growth of the market. Also the rising internet penetration, evolution of technology and easy availability of cost-effective mobile applications for betting is another driver flourishing the demand of global online gambling market, which in turn is raising the growth of the target market.
Global online gambling market was valued at USD 50.03 billion in 2023 and is expected to reach USD 132.06 billion by 2031, registering a CAGR of 12.9% during the forecast period of 2024-2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
Report Metric |
Details |
Forecast Period |
2024-2031 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2016-2021) |
Quantitative Units |
Revenue In USD Billion, Pricing in USD, Volumes in Units |
Segments Covered |
Device Type (Desktop, Mobile), End User (Gambling Enthusiasts, Social Exuberant, Dabblers) |
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa |
Market Players Covered |
The 888 Group Bet (U.K.), BetAmerica (U.S.), bet-at-home (Germany), Betfred (U.K.), betsson ab (Sweden), Buffalo Partners (U.S.), DraftKings (U.S.), Flutter Entertainment plc (Ireland), Entain (U.K.), IGT (U.S.), 32Red (U.K.), Kindred Group plc (Malta), Playtech (U.K.), MeLbet (Cyprus), Kairo International (U.K.), CODERE, S.A. (Spain), Scientific Games (U.S.), Sky Betting & Gaming (U.K.), The Stars Group Inc (Canada), and William Hill plc (U.K.) |
Market Opportunities |
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Market Definition
Online gambling generally refers to the betting of money online to gamble at anytime and anywhere. Gambling is not only limited to playing cards, but it has also long-drawn-out over the internet, counting sports betting, online casinos and bingo. Also, the online gambling procedure supports multiple currencies which depend upon the gambler’s location.
Online Gambling Market Dynamics
Drivers
- Rising Adoption of Digital Currency in Online Gambling
Improved security, more anonymity, and lower transaction fees are the main elements influencing the adoption of cryptocurrencies in online casinos. Digital currencies are less prone to fraud and hacking than conventional payment methods because of their decentralised nature. Additionally, digital currency's lower transaction fees enable online casinos to reduce their operating expenses. Also, the acceptance of cryptocurrencies is only expected to grow, according to current patterns in their use for online gaming. According to a recent study, more than 50% of online gamblers utilise cryptocurrencies, and 90% of those who do have used Bitcoin. Therefore, this factor is propelling the growth significantly.
- Increasing Cross-Border Operations
Cross-border operations in online gambling enable platforms to offer diverse gaming options to users worldwide, expanding the market's reach. By transcending geographical boundaries, these platforms provide access to a wide array of games and betting opportunities. This not only enhances user experience but also attracts a more diverse customer base, contributing to the overall growth and globalization of the online gambling market.
Opportunities
- Technological Advancements in Online Gambling
The market for online gambling has grown dramatically in recent years because to cutting-edge technologies that are continually being included into the game. Gambling will see a tremendous increase in the application of blockchain technology. Players will be able to save and trade information, including game history and outcomes, using blockchain. This will lessen the such aslihood of disagreements and boost the game's transparency which is further creating lot of opportunity for the market to grow.
- Personalized Gaming Experience Creates Opportunity
Operators can leverage data analytics and machine learning to understand user behavior, preferences, and gaming patterns. By analyzing this data, they can create personalized gaming experiences for each user, including game recommendations, promotional offers, and customized gameplay features. This tailored approach not only enhances user engagement by providing relevant content but also improves retention rates as users feel more connected to the platform, fostering long-term loyalty and satisfaction.
Restraint/Challenge
- Stringent Regulatory Standards
The Unlawful Internet gambling Enforcement Act (UIEGA) has a lot of influence over gambling in the United States. The Unlawful Internet Gambling Enforcement Act (UIGEA) prohibits online gaming businesses from collecting funds, however payment processors may still accept bets in jurisdictions that specifically permit real-money internet gambling. This factor is hindering the growth to an extent.
This market report provides details of new recent developments, trade regulations, market share, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the business intelligence market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In August 2020, Kambi Group plc has signed a multi-year agreement with a subsidiary of Churchill Downs Incorporated (CDI) to become the sportsbook technology and services provider to CDI’s BetAmerica sports betting brand. BetAmerica sportsbooks are currently available in New Jersey, Pennsylvania, Indiana and Mississippi
Online Gambling Market Scope
The market is segmented on the basis of device type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Device Type
- Mobile
- Desktop
- Others
End User
- Gambling Enthusiasts
- Social Exuberant
- Dabbles
Online Gambling Market Region Analysis/Insights
The market is segmented on the basis of device type and end user.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to dominate the market and is fastest growing region and grow with the highest CAGR due to a rise in the adoption of new technology, an increasing economy in the region.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Online Gambling Market Share Analysis
The market is segmented on the basis of device type and end user. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market
Some of the major players operating in the market are:
- The 888 Group Bet (U.K.)
- BetAmerica (U.S.)
- bet-at-home (Germany)
- Betfred (U.K.)
- betsson ab (Sweden)
- Buffalo Partners (U.S.)
- DraftKings (U.S.)
- Flutter Entertainment plc (Ireland)
- Entain (U.K.)
- IGT (U.S.)
- 32Red (U.K.)
- Kindred Group plc (Malta)
- Playtech (U.K.)
- MeLbet (Cyprus)
- Kairo International (U.K.)
- CODERE, S.A. (Spain)
- Scientific Games (U.S.)
- Sky Betting & Gaming (U.K.)
- The Stars Group Inc (Canada)
- William Hill plc (U.K.)
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Metodología de investigación
La recopilación de datos y el análisis del año base se realizan utilizando módulos de recopilación de datos con muestras de gran tamaño. La etapa incluye la obtención de información de mercado o datos relacionados a través de varias fuentes y estrategias. Incluye el examen y la planificación de todos los datos adquiridos del pasado con antelación. Asimismo, abarca el examen de las inconsistencias de información observadas en diferentes fuentes de información. Los datos de mercado se analizan y estiman utilizando modelos estadísticos y coherentes de mercado. Además, el análisis de la participación de mercado y el análisis de tendencias clave son los principales factores de éxito en el informe de mercado. Para obtener más información, solicite una llamada de un analista o envíe su consulta.
La metodología de investigación clave utilizada por el equipo de investigación de DBMR es la triangulación de datos, que implica la extracción de datos, el análisis del impacto de las variables de datos en el mercado y la validación primaria (experto en la industria). Los modelos de datos incluyen cuadrícula de posicionamiento de proveedores, análisis de línea de tiempo de mercado, descripción general y guía del mercado, cuadrícula de posicionamiento de la empresa, análisis de patentes, análisis de precios, análisis de participación de mercado de la empresa, estándares de medición, análisis global versus regional y de participación de proveedores. Para obtener más información sobre la metodología de investigación, envíe una consulta para hablar con nuestros expertos de la industria.
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